HF Foods Group Inc(NASDAQ:HFFG) 
HF Foods Group Inc., through its subsidiaries, operates as a food service distributor to Asian restaurants located in the Southeastern, Pacific, and Mountain West regions of the United States. It distributes Asian specialty food items, meat and poultry products, seafood, fresh produce, packaging and...
Website: http://www.hffoodsgroup.com
Founded: 2016
Full Time Employees: 900
Sector: Consumer Defensive
Industry: Food Distribution
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue - third parties | 310,959,000 | 307,012,000 | 305,758,000 | 313,550,000 | 297,473,000 | 304,140,000 | 297,619,000 | 301,331,000 | 294,836,000 | 280,087,000 | 280,635,000 | 290,364,000 | 291,562,000 | 290,307,000 | 298,929,000 | 298,138,000 | 276,151,000 | 227,198,396 | 213,178,708 | 190,460,529 | 156,991,367 | 144,033,182 | 137,631,565 | 101,103,767 | 170,640,014 | 157,289,348 | 70,568,373 | 70,648,233 | 70,303,911 | 68,991,681 | 65,936,159 |
net revenue - related parties | 1,043,000 | 1,011,000 | 1,220,000 | 1,303,000 | 955,000 | 1,142,000 | 770,000 | 1,011,000 | 818,000 | 786,000 | 818,000 | 1,948,000 | 2,293,000 | 1,592,000 | 1,782,000 | 1,504,000 | 2,064,000 | 1,215,491 | 2,363,341 | 3,085,707 | 2,390,461 | 2,515,519 | 2,287,377 | 3,456,329 | 5,163,322 | 5,654,828 | 5,130,504 | 4,069,973 | 4,497,111 | 4,782,933 | 4,427,639 |
total net revenue | 312,002,000 | 308,023,000 | 306,978,000 | 314,853,000 | 298,428,000 | 305,282,000 | 298,389,000 | 302,342,000 | 295,654,000 | 280,873,000 | 281,453,000 | 292,312,000 | 293,855,000 | 291,899,000 | 300,711,000 | 299,642,000 | 278,215,000 | 228,413,887 | 215,542,049 | 193,546,236 | 159,381,828 | 146,548,701 | 139,918,942 | 104,560,096 | 175,803,336 | 162,944,176 | 75,698,877 | 74,718,206 | 74,801,022 | 73,774,614 | 70,363,798 |
yoy | 4.55% | 0.90% | 2.88% | 4.14% | 0.94% | 8.69% | 6.02% | 3.43% | 0.61% | -3.78% | -6.40% | -2.45% | 5.62% | 27.79% | 39.51% | 54.82% | 74.56% | 55.86% | 54.05% | 85.11% | -9.34% | -10.06% | 84.84% | 39.94% | 135.03% | 120.87% | 7.58% | ||||
qoq | 1.29% | 0.34% | -2.50% | 5.50% | -2.25% | 2.31% | -1.31% | 2.26% | 5.26% | -0.21% | -3.71% | -0.53% | 0.67% | -2.93% | 0.36% | 7.70% | 21.80% | 5.97% | 11.36% | 21.44% | 8.76% | 4.74% | 33.82% | -40.52% | 7.89% | 115.25% | 1.31% | -0.11% | 1.39% | 4.85% | |
cost of revenue - third parties | 260,521,000 | 256,053,000 | 255,520,000 | 258,552,000 | 246,591,000 | 252,057,000 | 247,528,000 | 248,957,000 | 244,484,000 | 227,862,000 | 229,772,000 | 239,724,000 | 241,457,000 | 239,723,000 | 247,703,000 | 245,716,000 | 225,633,000 | 182,262,637 | 171,431,310 | 154,919,694 | 127,639,358 | 118,559,094 | 112,535,923 | 80,707,172 | 141,904,237 | 131,736,765 | 58,598,428 | 58,310,424 | 57,725,355 | 56,322,061 | 53,471,081 |
cost of revenue - related parties | 955,000 | 894,000 | 1,049,000 | 1,169,000 | 878,000 | 1,070,000 | 698,000 | 920,000 | 759,000 | 743,000 | 756,000 | 1,922,000 | 2,226,000 | 1,454,000 | 1,515,000 | 1,356,000 | 1,855,000 | 1,115,113 | 2,198,771 | 3,492,238 | 2,312,879 | 2,448,711 | 2,220,161 | 3,240,140 | 4,924,054 | 5,410,045 | 4,908,301 | 3,895,629 | 4,368,811 | 4,677,490 | 4,330,030 |
total cost of revenue | 261,476,000 | 256,947,000 | 256,569,000 | 259,721,000 | 247,469,000 | 253,127,000 | 248,226,000 | 249,877,000 | 245,243,000 | 228,605,000 | 230,528,000 | 241,646,000 | 243,683,000 | 241,177,000 | 249,218,000 | 247,072,000 | 227,488,000 | 183,377,750 | 173,630,081 | 158,411,932 | 129,952,237 | 121,007,805 | 114,756,084 | 83,947,312 | 146,828,291 | 137,146,810 | 63,506,729 | 62,206,053 | 62,094,166 | 60,999,551 | 57,801,111 |
gross profit | 50,526,000 | 51,076,000 | 50,409,000 | 55,132,000 | 50,959,000 | 52,155,000 | 50,163,000 | 52,465,000 | 50,411,000 | 52,268,000 | 50,925,000 | 50,666,000 | 50,172,000 | 50,722,000 | 51,493,000 | 52,570,000 | 50,727,000 | 45,036,137 | 41,911,968 | 35,134,304 | 29,429,591 | 25,540,896 | 25,162,858 | 20,612,784 | 28,975,045 | 25,797,366 | 12,192,148 | 12,512,153 | 12,706,856 | 12,775,063 | 12,562,687 |
yoy | -0.85% | -2.07% | 0.49% | 5.08% | 1.09% | -0.22% | -1.50% | 3.55% | 0.48% | 3.05% | -1.10% | -3.62% | -1.09% | 12.63% | 22.86% | 49.63% | 72.37% | 76.33% | 66.56% | 70.45% | 1.57% | -0.99% | 106.39% | 64.74% | 128.03% | 101.94% | -2.95% | ||||
qoq | -1.08% | 1.32% | -8.57% | 8.19% | -2.29% | 3.97% | -4.39% | 4.07% | -3.55% | 2.64% | 0.51% | 0.98% | -1.08% | -1.50% | -2.05% | 3.63% | 12.64% | 7.45% | 19.29% | 19.38% | 15.23% | 1.50% | 22.07% | -28.86% | 12.32% | 111.59% | -2.56% | -1.53% | -0.53% | 1.69% | |
gross margin % | 16.19% | 16.58% | 16.42% | 17.51% | 17.08% | 17.08% | 16.81% | 17.35% | 17.05% | 18.61% | 18.09% | 17.33% | 17.07% | 17.38% | 17.12% | 17.54% | 18.23% | 19.72% | 19.44% | 18.15% | 18.46% | 17.43% | 17.98% | 19.71% | 16.48% | 15.83% | 16.11% | 16.75% | 16.99% | 17.32% | 17.85% |
distribution, selling and administrative expenses | 49,489,000 | 51,655,000 | 49,289,000 | 51,013,000 | 49,805,000 | 48,038,000 | 49,652,000 | 49,840,000 | 50,496,000 | 41,049,000 | 48,841,000 | 52,243,000 | 52,929,000 | 54,113,000 | 54,589,000 | 45,843,000 | 40,408,000 | 33,026,727 | 30,972,019 | 29,903,759 | 28,127,495 | 26,576,812 | 25,050,419 | 25,092,568 | 29,406,593 | 23,502,159 | 9,969,785 | 11,094,041 | 10,365,172 | 9,313,493 | 10,385,563 |
income from operations | 1,037,000 | -39,394,000 | 1,120,000 | 4,119,000 | 1,154,000 | -42,186,000 | 511,000 | 2,625,000 | -85,000 | 11,219,000 | 2,084,000 | -1,577,000 | -2,757,000 | -3,391,000 | -3,096,000 | 6,727,000 | 10,319,000 | 12,009,410 | 10,939,949 | 5,230,545 | 1,302,096 | -1,035,916 | 112,439 | -4,479,784 | -431,548 | 2,295,207 | 2,222,363 | 1,418,112 | 2,341,684 | 3,461,570 | 2,177,124 |
yoy | -10.14% | -6.62% | 119.18% | 56.91% | -1457.65% | -476.02% | -75.48% | -266.46% | -96.92% | -430.85% | -167.31% | -123.44% | -126.72% | -128.24% | -128.30% | 28.61% | 692.49% | -1259.30% | 9629.67% | -216.76% | -401.73% | -145.13% | -94.94% | -415.90% | -118.43% | -33.69% | 2.08% | ||||
qoq | -102.63% | -3617.32% | -72.81% | 256.93% | -102.74% | -8355.58% | -80.53% | -3188.24% | -100.76% | 438.34% | -232.15% | -42.80% | -18.70% | 9.53% | -146.02% | -34.81% | -14.08% | 9.78% | 109.16% | 301.70% | -225.70% | -1021.31% | -102.51% | 938.07% | -118.80% | 3.28% | 56.71% | -39.44% | -32.35% | 59.00% | |
operating margin % | 0.33% | -12.79% | 0.36% | 1.31% | 0.39% | -13.82% | 0.17% | 0.87% | -0.03% | 3.99% | 0.74% | -0.54% | -0.94% | -1.16% | -1.03% | 2.25% | 3.71% | 5.26% | 5.08% | 2.70% | 0.82% | -0.71% | 0.08% | -4.28% | -0.25% | 1.41% | 2.94% | 1.90% | 3.13% | 4.69% | 3.09% |
interest expense | 2,812,000 | 3,100,000 | 2,941,000 | 2,817,000 | 2,609,000 | 2,828,000 | 2,644,000 | 3,119,000 | 2,834,000 | 3,048,000 | 2,715,000 | 2,847,000 | 2,868,000 | 2,356,000 | 2,274,000 | 1,549,000 | 1,278,000 | -1,935,672 | -703,845 | -709,342 | -742,141 | ||||||||||
other income | -1,891,000 | -177,000 | -94,000 | -246,000 | -490,000 | -127,000 | -228,000 | -428,000 | -462,000 | -163,000 | -776,000 | -962,887 | 558,138 | 473,190 | 439,559 | 414,874 | 270,452 | 264,730 | 405,650 | -372,813 | 281,619 | 338,995 | 284,535 | 229,502.5 | 370,678 | ||||||
change in fair value of interest rate swap contracts | -843,000 | -46,000 | 47,000 | 685,000 | 1,184,000 | -2,652,000 | 3,290,000 | -361,000 | -1,970,000 | 3,674,000 | -1,984,000 | -2,856,000 | 2,746,000 | 33,000 | -284,000 | -208,000 | -358,000 | 54,050 | 52,314 | -112,256 | 1,430,892 | 363,918 | -20,022 | -1,264,254 | |||||||
income before income taxes | 959,000 | -42,216,000 | -1,634,000 | 1,031,000 | -2,462,000 | -42,140,000 | -5,091,000 | 1,834,000 | -740,000 | 4,815,000 | 1,938,000 | -1,351,000 | |||||||||||||||||||
income tax benefit | -397,000 | -932,000 | -181,000 | ||||||||||||||||||||||||||||
net income and comprehensive income | 1,356,000 | 510,000 | -43,941,000 | -3,837,000 | 2,721,000 | 1,974,000 | -1,560,000 | -5,797,000 | -3,505,000 | -3,894,000 | 4,494,000 | 3,140,000 | |||||||||||||||||||
less: net income attributable to noncontrolling interests | 131,000 | -119,000 | 242,000 | -706,000 | 115,000 | -47,000 | 103,000 | 218,000 | 135,000 | -4,000 | 90,000 | -710,000 | 136,000 | -151,000 | -30,000 | -70,000 | 26,000 | 300,267 | 42,247 | 226,865 | |||||||||||
yoy | 13.91% | 153.19% | 134.95% | -423.85% | -14.81% | 1075.00% | 14.44% | -130.70% | -0.74% | -97.35% | -400.00% | 914.29% | 423.08% | -91.34% | |||||||||||||||||
qoq | -210.08% | -149.17% | -134.28% | -713.91% | -344.68% | -145.63% | -52.75% | 61.48% | -3475.00% | -104.44% | -112.68% | -622.06% | -190.07% | 403.33% | -57.14% | -369.23% | 610.74% | -81.38% | |||||||||||||
net income margin % | 0.04% | -0.04% | 0.08% | -0.22% | 0.04% | -0.02% | 0.03% | 0.07% | 0.05% | -0.00% | 0.03% | -0.24% | 0.05% | -0.05% | -0.01% | -0.02% | 0.01% | 0% | 0% | 0% | 0.19% | 0.03% | 0.16% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
net income and comprehensive income attributable to hf foods group inc. | 1,225,000 | 1,216,000 | -43,894,000 | -3,940,000 | 2,725,000 | 1,884,000 | -850,000 | -5,933,000 | -3,354,000 | -3,864,000 | 4,564,000 | 3,114,000 | |||||||||||||||||||
earnings per common share - basic | 20 | 20 | -830 | -70 | 50 | 30 | -20 | -110 | -60 | -70 | 80 | 60 | |||||||||||||||||||
earnings per common share - diluted | 20 | 20 | -830 | -70 | 50 | 30 | -20 | -110 | -60 | -70 | 80 | 60 | |||||||||||||||||||
weighted-average shares - basic | 53,053,610,000 | 52,946,655,000 | 53,031,801,000 | 52,969,037,000 | 52,737,650,000 | 52,552,490,000 | 52,726,683,000 | 52,585,715,000 | 52,155,968,000 | 53,878,237,000 | 54,142,396,000 | 54,046,328,000 | 53,822,794,000 | 53,757,162,000 | 53,798,131,000 | 53,706,392,000 | 53,706,392,000 | 51,918,323,000 | 51,913,411 | ||||||||||||
weighted-average shares - diluted | 53,933,051,000 | 52,946,655,000 | 53,031,801,000 | 53,414,715,000 | 52,737,650,000 | 52,552,490,000 | 52,726,683,000 | 52,661,119,000 | 52,155,968,000 | 53,878,237,000 | 54,513,314,000 | 54,046,328,000 | 53,822,794,000 | 53,863,448,000 | 53,798,131,000 | 53,900,883,000 | 53,884,510,000 | 52,091,822,000 | 51,932,712 | ||||||||||||
other expense | -232,000 | -234,000 | -414,000 | -222,000 | -332,000 | 3,466,000 | |||||||||||||||||||||||||
lease guarantee income | -1,387,000 | -5,433,000 | -115,000 | ||||||||||||||||||||||||||||
income tax expense | -4,799,000 | -760,000 | 521,000 | 1,801,000 | -1,254,000 | 1,599,000 | 2,094,000 | -36,000 | 209,000 | ||||||||||||||||||||||
net loss and comprehensive loss | -37,417,000 | -874,000 | -1,530,000 | -559,000 | |||||||||||||||||||||||||||
net loss and comprehensive loss attributable to hf foods group inc. | -37,298,000 | -1,116,000 | -1,645,000 | -694,000 | |||||||||||||||||||||||||||
loss per common share - basic | -700 | -20 | -30 | -10 | |||||||||||||||||||||||||||
loss per common share - diluted | -700 | -20 | -30 | -10 | |||||||||||||||||||||||||||
net income and comprehensive loss | 235,000 | ||||||||||||||||||||||||||||||
net income and comprehensive loss attributable to hf foods group inc. | 17,000 | ||||||||||||||||||||||||||||||
other expenses | |||||||||||||||||||||||||||||||
lease guarantee expense | -72,000 | -95,000 | -90,000 | -120,000 | -87,000 | -58,000 | -42,000 | 5,931,000 | |||||||||||||||||||||||
total other expenses (income) | 1,296,500 | 146,000 | |||||||||||||||||||||||||||||
other expenses: | |||||||||||||||||||||||||||||||
total other expenses | -226,000 | 5,266,000 | 60,017.5 | 433,701 | |||||||||||||||||||||||||||
income before income tax provision | -8,023,000 | -5,265,000 | -4,566,000 | 5,591,000 | 4,244,000 | 9,164,901 | 10,846,556 | 4,882,137 | 2,430,406 | -1,062,443 | -477,849 | -5,803,495 | -340,168,743 | 1,993,890 | 2,135,813 | 1,521,465 | 2,441,210 | 3,539,339 | 2,610,825 | ||||||||||||
income tax provision | -2,226,000 | -1,760,000 | -672,000 | 1,097,000 | 1,104,000 | ||||||||||||||||||||||||||
total other expense | 2,170,250 | 1,470,000 | 1,136,000 | 6,075,000 | |||||||||||||||||||||||||||
goodwill impairment loss | -338,191,407 | ||||||||||||||||||||||||||||||
total operating expenses | 22,250,818.25 | 30,972,019 | |||||||||||||||||||||||||||||
interest income | 133 | 133 | 132 | 131 | 133 | 113,930 | 152,518 | 151,949 | 146,536 | 333,072 | |||||||||||||||||||||
total other income (expenses) | -2,844,509 | -93,393 | -348,408 | 1,128,310 | -26,527 | -590,288 | -1,323,711 | -339,737,195 | -301,317 | -86,550 | 103,353 | 99,526 | |||||||||||||||||||
provision for income taxes | 1,155,437.25 | 2,637,444 | 1,377,098 | 607,207 | -2,779,305 | -80,910 | -1,489,305 | -482,211 | 481,560 | 607,142 | 460,751 | 647,639 | 948,048 | 840,147 | |||||||||||||||||
net income | 3,384,337.5 | 8,209,112 | 3,505,039 | 1,823,199 | 1,716,862 | -396,939 | -4,314,190 | -339,686,532 | 1,512,330 | 1,528,671 | 1,060,714 | 1,793,571 | 2,591,291 | 1,770,678 | |||||||||||||||||
less: net income attributable to non-controlling interests | 141,513.75 | 357,345 | -91,557 | ||||||||||||||||||||||||||||
net income attributable to hf foods group inc. | 3,242,823.75 | 7,851,767 | 3,596,596 | 1,522,932 | 1,592,590 | -623,804 | -4,058,903 | -339,883,942 | 1,346,404 | 1,347,565 | 1,022,895 | 1,672,813 | |||||||||||||||||||
earnings per common share - basic and diluted | 0.063 | 0.15 | 0.07 | 0.03 | -1.653 | -0.01 | -0.08 | -6.52 | 0.045 | 0.06 | 0.05 | 0.08 | 0.1 | 0.08 | |||||||||||||||||
weighted-average shares - basic and diluted | 51,913,411 | 51,913,411 | 52,145,096 | 52,145,096 | 52,145,096 | 22,258,557 | 22,167,486 | 22,167,486 | 20,991,004 | 21,364,256 | |||||||||||||||||||||
interest expenses | -779,184.75 | -840,851 | -324,319 | ||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interest | -255,287 | 197,410 | 165,926 | 181,106 | 37,819 | 120,758 | |||||||||||||||||||||||||
interest expense and bank charges | -1,951,569 | -454,237 | -482,099 | -388,160 | -336,958 | -347,746 | -270,049 | ||||||||||||||||||||||||
less: net income attributable to non-controlling interest | -69,463.75 | 103,600 | |||||||||||||||||||||||||||||
net income attributable to hf group holding corporation | 1,010,064.75 | 1,667,078 | |||||||||||||||||||||||||||||
pro forma adjustment to reflect income tax expenses if taxed under c corporation | |||||||||||||||||||||||||||||||
net income used to compute pro forma net earnings per share | 2,246,196 | 1,667,078 | |||||||||||||||||||||||||||||
pro forma earnings per common share - basic and diluted | 0.1 | 0.08 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||
cash | 11,061,000 | 8,641,000 | 12,328,000 | 15,650,000 | 16,099,000 | 14,467,000 | 11,445,000 | 13,968,000 | 18,215,000 | 15,232,000 | 14,300,000 | 14,946,000 | 17,477,000 | 24,289,000 | 17,806,000 | 18,818,000 | 16,426,000 | 14,792,000 | 15,543,177 | 13,425,792 | 11,253,521 | 9,580,853 | 9,180,314 | 8,565,019 | 12,690,265 | 14,538,286 | 6,803,415 | 6,941,989 | 6,897,354 | 5,489,404 | 7,790,951 |
accounts receivable | 67,000,000 | 65,691,000 | 53,525,000 | 52,083,000 | 57,802,000 | 54,107,000 | 51,728,000 | 50,867,000 | 49,705,000 | 47,524,000 | 43,133,000 | 45,586,000 | 43,095,000 | 44,186,000 | 44,276,000 | 42,700,000 | 43,320,000 | 36,281,000 | 34,103,832 | 30,308,639 | 30,267,205 | 24,852,212 | 24,511,153 | 23,166,278 | 26,210,460 | 50,027,134 | 13,089,775 | 13,687,825 | 15,376,607 | 14,406,476 | 12,836,682 |
accounts receivable - related parties | 616,000 | 546,000 | 606,000 | 409,000 | 335,000 | 239,000 | 226,000 | 548,000 | 295,000 | 308,000 | 328,000 | 607,000 | 629,000 | 213,000 | 428,000 | 878,000 | 918,000 | 249,000 | 954,230 | 1,921,415 | 1,162,466 | 1,266,573 | 883,331 | 1,049,552 | 5,987,632 | 4,202,870 | 2,677,503 | 2,690,110 | 2,145,061 | 2,292,151 | 1,572,100 |
inventories | 107,183,000 | 106,629,000 | 135,496,000 | 127,240,000 | 106,048,000 | 97,783,000 | 119,508,000 | 119,232,000 | 107,908,000 | 105,618,000 | 115,942,000 | 111,066,000 | 110,469,000 | 120,291,000 | 132,524,000 | 130,198,000 | 114,759,000 | 102,690,000 | 77,239,478 | 64,061,582 | 55,870,112 | 58,535,040 | 61,691,395 | 66,783,183 | 75,704,474 | 77,531,854 | 29,826,054 | 26,122,873 | 23,677,137 | 22,175,769 | 24,124,042 |
prepaid expenses and other current assets | 6,096,000 | 9,725,000 | 6,416,000 | 6,784,000 | 7,842,000 | 11,507,000 | 10,012,000 | 8,996,000 | 9,363,000 | 10,145,000 | 23,611,000 | 12,482,000 | 7,699,000 | 8,937,000 | |||||||||||||||||
assets held for sale | 2,768,000 | ||||||||||||||||||||||||||||||
total current assets | 191,956,000 | 194,000,000 | 208,371,000 | 202,166,000 | 188,126,000 | 178,103,000 | 192,919,000 | 193,611,000 | 185,486,000 | 178,827,000 | 197,314,000 | 184,687,000 | 179,369,000 | 197,916,000 | 204,924,000 | 202,630,000 | 183,811,000 | 159,571,000 | 130,480,950 | 113,536,879 | 103,940,774 | 99,045,645 | 101,268,777 | 103,455,980 | 125,329,973 | 151,419,617 | 55,712,116 | 54,355,010 | 51,842,793 | 59,042,764 | 52,769,706 |
property and equipment | 176,504,000 | 163,397,000 | 158,717,000 | 158,011,000 | 160,412,000 | 149,572,000 | 146,073,000 | 143,538,000 | 137,989,000 | 133,136,000 | 135,350,000 | 136,724,000 | 138,984,000 | 140,330,000 | 141,300,000 | 142,006,000 | 147,244,000 | 145,908,000 | 141,740,117 | 134,755,748 | 136,043,983 | 136,869,085 | 138,107,128 | 139,272,839 | 139,941,393 | 37,538,147 | 27,096,211 | 27,617,543 | 24,582,651 | 22,650,021 | 22,324,572 |
operating lease right-of-use assets | 23,864,000 | 26,049,000 | 26,801,000 | 27,998,000 | 29,266,000 | 13,944,000 | 14,981,000 | 16,006,000 | 11,815,000 | 12,714,000 | 12,520,000 | 12,336,000 | 13,278,000 | 14,164,000 | 15,917,000 | 13,999,000 | 12,410,000 | 11,664,000 | 2,551,286 | 16,326,011 | 15,993,197 | 931,630 | 693,982 | 785,478 | 883,552 | 17,155,584 | 75,169 | 85,783 | 95,931 | ||
long-term investments | 2,096,000 | 2,144,000 | 2,191,000 | 2,239,000 | 2,327,000 | 2,350,000 | 2,374,000 | 2,390,000 | 2,389,000 | 2,388,000 | 2,401,000 | 2,414,000 | 2,666,000 | 2,679,000 | 2,632,000 | 2,732,000 | 2,685,000 | 2,462,000 | 2,443,885 | 2,425,625 | 2,407,364 | 2,377,164 | 2,361,888 | 2,346,613 | 2,331,337 | 2,296,276 | |||||
customer relationships | 123,407,000 | 126,048,000 | 128,690,000 | 131,332,000 | 133,973,000 | 136,615,000 | 139,257,000 | 141,898,000 | 144,540,000 | 147,181,000 | 149,823,000 | 152,465,000 | 155,106,000 | 157,748,000 | 160,390,000 | 163,031,000 | 156,741,000 | 159,161,000 | |||||||||||||
trademarks, trade names and other intangibles | 24,139,000 | 25,440,000 | 26,750,000 | 28,060,000 | 23,683,000 | 24,911,000 | 26,339,000 | 27,768,000 | 29,196,000 | 30,625,000 | |||||||||||||||||||||
other long-term assets | 3,916,000 | 4,451,000 | 4,748,000 | 4,916,000 | 5,248,000 | 5,681,000 | 5,689,000 | 6,538,000 | 6,532,000 | 6,531,000 | 8,203,000 | 4,860,000 | 3,944,000 | 3,231,000 | 2,623,000 | 2,524,000 | 1,761,000 | 2,032,000 | 1,145,167 | 1,253,212 | 782,412 | 694,490 | 349,662 | 342,712 | 379,599 | 372,499 | 141,954 | 206,663 | 198,060 | 242,426 | 171,321 |
total assets | 545,882,000 | 541,529,000 | 595,083,000 | 593,537,000 | 581,850,000 | 549,991,000 | 612,750,000 | 616,867,000 | 603,065,000 | 596,520,000 | 622,784,000 | 612,088,000 | 613,379,000 | 637,529,000 | 650,677,000 | 651,243,000 | 620,066,000 | 596,946,000 | 514,503,271 | 507,220,995 | 500,800,583 | 484,285,083 | 489,889,014 | 496,277,683 | 521,412,406 | 802,843,794 | 83,106,834 | 92,848,958 | 87,681,108 | 82,476,407 | 83,759,916 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||
checks issued not presented for payment | 5,035,000 | 1,674,000 | 2,126,000 | 6,989,000 | 4,991,000 | 5,687,000 | 12,018,000 | 6,452,000 | 8,663,000 | 4,494,000 | 6,888,000 | 20,874,000 | 14,094,000 | 21,946,000 | 18,517,000 | 20,183,000 | 18,513,000 | 17,834,000 | |||||||||||||
line of credit | 61,791,000 | 55,799,000 | 67,162,000 | 60,815,000 | 58,594,000 | 57,483,000 | 66,911,000 | 66,350,000 | 55,192,000 | 58,564,000 | 47,648,000 | 42,173,000 | 44,456,000 | 53,056,000 | 71,329,000 | 60,017,000 | 68,449,000 | 55,293,000 | 23,020,114 | 19,111,822 | 16,380,876 | ||||||||||
accounts payable | 76,616,000 | 74,475,000 | 72,412,000 | 68,011,000 | 62,245,000 | 50,592,000 | 51,566,000 | 62,497,000 | 57,691,000 | 51,617,000 | 78,133,000 | 54,848,000 | 57,842,000 | 55,515,000 | 49,260,000 | 57,107,000 | 57,220,000 | 57,745,000 | 42,044,350 | 41,668,144 | 36,504,111 | 28,391,136 | 33,685,243 | 30,373,030 | 32,456,258 | 39,689,911 | 18,728,857 | 19,617,687 | 19,740,594 | 17,474,206 | 17,371,626 |
accounts payable - related parties | 271,000 | 384,000 | 563,000 | 240,000 | 389,000 | 52,000 | 74,000 | 651,000 | 143,000 | 397,000 | 490,000 | 870,000 | 753,000 | 1,529,000 | 1,498,000 | 2,101,000 | 1,632,000 | 1,941,000 | 2,499,872 | 1,956,629 | 1,472,541 | 1,783,861 | 2,663,255 | 2,390,482 | 3,738,202 | 4,521,356 | 4,279,050 | 2,823,142 | 3,923,120 | 3,147,470 | |
current portion of long-term debt | 5,144,000 | 6,683,000 | 6,998,000 | 5,410,000 | 5,410,000 | 5,410,000 | 5,410,000 | 5,414,000 | 5,427,000 | 5,450,000 | 5,868,000 | 5,936,000 | 6,031,000 | 6,266,000 | 6,442,000 | 6,638,000 | 5,339,000 | 5,557,000 | 5,677,453 | 5,804,100 | 5,898,994 | 5,641,259 | 7,736,016 | 7,802,869 | 6,941,738 | 2,726,981 | 1,650,898 | 1,757,027 | 1,706,839 | 1,455,441 | 1,339,548 |
current portion of obligations under finance leases | 6,572,000 | 6,425,000 | 6,463,000 | 6,405,000 | 5,808,000 | 3,797,000 | 3,301,000 | 3,025,000 | 2,299,000 | 1,749,000 | 1,832,000 | 1,980,000 | 2,116,000 | 2,254,000 | 2,246,000 | 2,371,000 | 2,382,000 | 2,274,000 | 270,160 | 272,648 | 277,336 | 286,903 | 292,917 | 293,399 | 288,101 | 280,243 | |||||
current portion of obligations under operating leases | 3,243,000 | 4,334,000 | 4,235,000 | 4,253,000 | 4,294,000 | 4,177,000 | 4,147,000 | 4,116,000 | 3,766,000 | 3,706,000 | 3,609,000 | 3,538,000 | 3,592,000 | 3,676,000 | 3,933,000 | 3,494,000 | 2,958,000 | 2,482,000 | 687,040 | 610,256 | 637,047 | 308,148 | 264,335 | 299,849 | 333,180 | 4,322,503 | 40,155 | 40,156 | 39,191 | ||
accrued expenses and other liabilities | 13,786,000 | 14,994,000 | 15,094,000 | 17,576,000 | 15,883,000 | 18,001,000 | 19,684,000 | 15,554,000 | 17,454,000 | 17,287,000 | 17,157,000 | 19,763,000 | 16,408,000 | 19,648,000 | 15,717,000 | 12,447,000 | 15,358,000 | 12,138,000 | 3,841,327 | 5,123,479 | 7,363,464 | 6,178,144 | 5,212,229 | 3,529,080 | 2,960,084 | ||||||
total current liabilities | 172,458,000 | 164,768,000 | 175,053,000 | 169,699,000 | 157,614,000 | 145,199,000 | 163,111,000 | 164,059,000 | 150,635,000 | 143,264,000 | 161,625,000 | 149,982,000 | 145,292,000 | 163,890,000 | 168,942,000 | 164,358,000 | 171,851,000 | 155,264,000 | 97,804,292 | 89,958,992 | 79,255,067 | 76,701,776 | 81,975,485 | 85,564,717 | 103,507,027 | 110,445,754 | 38,589,283 | 39,171,952 | 34,404,415 | 33,588,305 | 38,240,807 |
long-term debt | 95,560,000 | 99,436,000 | 100,266,000 | 100,614,000 | 101,967,000 | 103,324,000 | 104,658,000 | 106,000,000 | 107,331,000 | 108,711,000 | 111,220,000 | 112,623,000 | 114,047,000 | 115,443,000 | 116,990,000 | 118,511,000 | 80,254,000 | 81,811,000 | 83,708,244 | 85,142,465 | 86,538,440 | 87,372,668 | 88,728,722 | 90,151,208 | 18,535,016 | 15,409,535 | 14,132,172 | 14,408,026 | 13,109,854 | 13,381,574 | |
obligations under finance leases, non-current | 24,586,000 | 25,279,000 | 26,856,000 | 27,847,000 | 26,605,000 | 19,929,000 | 17,726,000 | 17,434,000 | 14,689,000 | 11,229,000 | 11,174,000 | 11,375,000 | 11,576,000 | 11,441,000 | 11,187,000 | 11,613,000 | 11,795,000 | 11,676,000 | 8,448,619 | 630,774 | 703,648 | 766,885 | 832,973 | 904,273 | 979,782 | 1,053,166 | |||||
obligations under operating leases, non-current | 24,053,000 | 22,990,000 | 23,764,000 | 24,856,000 | 25,637,000 | 10,125,000 | 11,180,000 | 12,219,000 | 8,493,000 | 9,414,000 | 9,171,000 | 9,052,000 | 9,793,000 | 10,591,000 | 12,085,000 | 10,602,000 | 9,533,000 | 9,251,000 | 2,010,664 | 15,930,735 | 15,459,667 | 623,482 | 429,647 | 485,629 | 550,372 | 12,833,081 | 35,014 | 45,627 | 56,740 | ||
deferred tax liabilities | 23,675,000 | 23,808,000 | 26,536,000 | 27,425,000 | 28,308,000 | 29,392,000 | 27,853,000 | 28,204,000 | 28,557,000 | 29,028,000 | 31,976,000 | 33,119,000 | 33,119,000 | 34,443,000 | 36,064,000 | 36,780,000 | 37,300,000 | 39,455,000 | 44,199,536 | 45,078,908 | 45,792,129 | 46,382,704 | 49,144,170 | 50,063,332 | 51,378,817 | 52,320,045 | 1,306,630 | 1,065,746 | 1,284,027 | 1,196,061 | 267,344 |
other long-term liabilities | 863,000 | 1,662,000 | 1,746,000 | 1,979,000 | 1,581,000 | 728,000 | 2,612,000 | 160,000 | 5,198,000 | 6,891,000 | 5,262,000 | 5,337,000 | 8,038,000 | ||||||||||||||||||
total liabilities | 341,195,000 | 337,943,000 | 354,221,000 | 352,420,000 | 341,712,000 | 308,697,000 | 327,140,000 | 328,076,000 | 314,903,000 | 308,537,000 | 330,428,000 | 321,488,000 | 321,865,000 | 341,280,000 | 350,817,000 | 347,489,000 | 320,930,000 | 301,957,000 | 241,171,355 | 242,241,874 | 234,248,951 | 219,483,650 | 226,754,943 | 232,746,673 | 253,567,206 | 195,187,062 | 56,480,426 | 55,623,192 | 51,426,054 | 48,014,925 | 51,889,725 |
commitments and contingencies | |||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||
series a participating preferred stock, par value 0.001; 100,000 shares authorized, no shares issued and outstanding | |||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,191 | 5,191 | 5,191 | 5,191 | 5,305 | 5,305 | 5,305 | 5,305 | 2,236 | 2,217 | 2,217 | 2,217 | |
treasury stock | -7,750,000 | -7,750,000 | -7,750,000 | -7,750,000 | -7,750,000 | -7,750,000 | -7,750,000 | -7,750,000 | -7,750,000 | -7,750,000 | -12,038,030 | -12,038,030 | -12,038,030 | -12,038,030 | -91 | ||||||||||||||||
additional paid-in capital | 606,243,000 | 605,838,000 | 605,697,000 | 605,078,000 | 604,609,000 | 604,235,000 | 604,110,000 | 603,454,000 | 603,832,000 | 603,094,000 | 600,696,000 | 600,030,000 | 599,384,000 | 598,322,000 | 597,738,000 | 597,738,000 | 597,517,000 | 597,227,000 | 583,928,639 | 583,723,206 | 587,579,093 | 587,579,093 | 599,617,009 | 599,617,009 | 599,617,009 | 599,617,009 | 10,882,646 | 22,920,603 | 22,920,603 | 22,920,603 | 22,920,602 |
accumulated deficit | -394,817,000 | -396,042,000 | -358,744,000 | -357,628,000 | -358,844,000 | -357,199,000 | -313,305,000 | -309,365,000 | -309,382,000 | -308,688,000 | -311,413,000 | -313,297,000 | -312,447,000 | -306,514,000 | -302,470,000 | -298,606,000 | -303,170,000 | -306,284,000 | -314,179,103 | -322,030,870 | -325,627,466 | ||||||||||
total shareholders’ equity attributable to hf foods group inc. | 203,681,000 | 202,051,000 | 239,208,000 | 239,705,000 | 238,020,000 | 239,291,000 | 283,060,000 | 286,344,000 | 286,705,000 | 286,661,000 | 289,288,000 | 286,738,000 | 286,942,000 | 291,813,000 | 290,948,000 | 258,841,296 | 259,465,100 | ||||||||||||||
noncontrolling interests | 1,006,000 | 1,535,000 | 1,654,000 | 1,412,000 | 2,118,000 | 2,003,000 | 2,550,000 | 2,447,000 | 1,457,000 | 1,322,000 | 3,068,000 | 3,862,000 | 4,572,000 | 4,436,000 | 4,587,000 | 4,617,000 | 4,784,000 | 4,041,000 | 4,594,814 | 4,292,775 | |||||||||||
total shareholders’ equity | 204,687,000 | 203,586,000 | 240,862,000 | 241,117,000 | 240,138,000 | 241,294,000 | 285,610,000 | 288,791,000 | 288,162,000 | 287,983,000 | 292,356,000 | 290,600,000 | 291,514,000 | 296,249,000 | 299,860,000 | 303,754,000 | 299,136,000 | 294,989,000 | 273,331,916 | 264,979,121 | 266,551,632 | 264,801,433 | 263,531,010 | 267,845,200 | 607,656,732 | 25,362,048 | 36,052,512 | 35,029,617 | 33,356,804 | 31,110,608 | |
total liabilities and shareholders’ equity | 545,882,000 | 541,529,000 | 595,083,000 | 593,537,000 | 581,850,000 | 549,991,000 | 612,750,000 | 616,867,000 | 603,065,000 | 596,520,000 | 622,784,000 | 612,088,000 | 613,379,000 | 637,529,000 | 650,677,000 | 651,243,000 | 620,066,000 | 596,946,000 | 514,503,271 | 507,220,995 | 500,800,583 | 484,285,083 | 496,277,683 | 521,412,406 | 802,843,794 | ||||||
goodwill | 38,815,000 | 38,815,000 | 38,815,000 | 38,815,000 | 85,118,000 | 85,118,000 | 85,118,000 | 85,118,000 | 85,118,000 | 85,118,000 | 85,118,000 | 85,118,000 | 85,118,000 | 85,118,000 | 80,257,000 | 80,257,000 | 68,511,941 | 68,511,941 | 68,511,941 | 68,511,941 | 68,511,941 | 68,511,941 | 68,511,941 | 406,703,348 | |||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||
trademarks and other intangibles | 32,055,000 | 33,484,000 | 34,914,000 | 36,343,000 | 37,773,000 | 39,203,000 | 35,157,000 | 35,891,000 | |||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||
promissory note payable - related party | 4,500,000 | 4,500,000 | 5,000,000 | 5,500,000 | 6,500,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||
lease guarantee liability, net of current portion | 5,472,000 | 5,549,000 | 5,625,000 | 5,697,000 | |||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||
other current assets | 9,890,000 | 10,036,000 | 8,388,000 | 5,559,000 | 2,640,233 | 3,819,451 | 5,387,470 | 4,614,164 | 4,704,736 | 3,762,316 | 3,872,326 | 4,374,338 | 1,229,379 | 950,470 | 681,765 | 950,703 | 1,150,653 | ||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||
total shareholders' equity attributable to hf foods group inc. | 295,273,000 | 299,137,000 | 294,352,000 | 269,754,727 | |||||||||||||||||||||||||||
advances to suppliers - related parties | 196,803 | 297,848 | 129,632 | 864,816 | 745,135 | 990,139 | 1,229,659 | 1,161,590 | 1,526,482 | 674,893 | |||||||||||||||||||||
intangible assets | 167,629,925 | 170,352,500 | 173,075,075 | 175,797,650 | 178,520,225 | 181,242,800 | 183,965,375 | 186,687,950 | |||||||||||||||||||||||
bank overdraft | 19,422,811 | 15,018,435 | 10,439,475 | 14,839,747 | 5,548,970 | 7,584,937 | 13,474,772 | 14,952,510 | |||||||||||||||||||||||
obligations under interest rate swap contracts | 341,165 | 393,479 | 281,223 | 1,357,434 | 1,337,412 | ||||||||||||||||||||||||||
non-controlling interests | 3,577,189 | 3,281,594 | |||||||||||||||||||||||||||||
deferred tax assets | 59,079 | 45,837 | 57,478 | 75,411 | 319,320 | 69,236 | 78,993 | 81,385 | 85,451 | 90,131 | 117,933 | ||||||||||||||||||||
total shareholder's equity attributable to hf foods group inc. | 261,697,527 | 261,956,818 | 260,433,886 | ||||||||||||||||||||||||||||
security deposits - related parties | |||||||||||||||||||||||||||||||
lines of credit | 18,279,062 | 25,208,939 | 31,953,659 | 43,101,338 | 41,268,554 | 11,864,481 | 11,364,481 | 7,094,146 | 8,194,146 | 12,494,146 | |||||||||||||||||||||
obligation under interest rate swap contracts | 993,516 | ||||||||||||||||||||||||||||||
long-term debt, non-current | 88,008,803 | ||||||||||||||||||||||||||||||
retained earnings | -327,150,398 | -328,742,988 | -328,119,184 | -324,060,281 | 15,823,661 | 14,477,257 | 13,129,692 | 12,106,797 | 10,433,984 | 8,187,789 | |||||||||||||||||||||
noncontrolling interest | 4,367,547 | 4,065,910 | 4,321,197 | 4,248,787 | 1,264,360 | 1,173,254 | 1,225,437 | 1,104,678 | 759,583 | ||||||||||||||||||||||
advances from customers - related parties | 6,147 | 213,354 | |||||||||||||||||||||||||||||
security deposits-related parties | 591,380 | ||||||||||||||||||||||||||||||
total shareholders’ equity attributable to hf foods group, inc. | 263,524,003 | 603,407,945 | |||||||||||||||||||||||||||||
notes receivable | 718,284 | 733,373 | 3,803,826 | 3,323,962 | |||||||||||||||||||||||||||
notes receivable - related parties, current | 979,211 | 952,592 | 8,117,686 | 38,049 | |||||||||||||||||||||||||||
long-term notes receivable - related parties | 7,419,521 | 7,692,339 | 423,263 | 8,494,317 | |||||||||||||||||||||||||||
accrued expenses and other payables | 2,683,696 | ||||||||||||||||||||||||||||||
advances to suppliers | 647,339 | 396,929 | 217,314 | 280,267 | 1,258,374 | ||||||||||||||||||||||||||
income tax recoverable | 448,512 | 637,660 | |||||||||||||||||||||||||||||
advance from customers | 758,296 | 408,080 | 47,844 | 61,406 | 423,749 | ||||||||||||||||||||||||||
advance from customers - related parties | 119,947 | 166,490 | 349,721 | ||||||||||||||||||||||||||||
current portion of obligations under capital leases | 262,904 | 262,904 | 262,904 | 164,894 | 232,901 | ||||||||||||||||||||||||||
income tax payable | 13,343 | 12,836 | 296,773 | ||||||||||||||||||||||||||||
accrued expenses | 991,299 | 2,255,262 | 2,273,035 | 2,148,602 | 2,881,646 | ||||||||||||||||||||||||||
obligations under capital leases, non-current | 1,139,964 | 1,207,695 | 1,272,846 | 120,705 | |||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||
total equity | 26,626,408 | 37,225,766 | 36,255,054 | 34,461,482 | 31,870,191 | ||||||||||||||||||||||||||
total liabilities and equity | 83,106,834 | 92,848,958 | 87,681,108 | 82,476,407 | 83,759,916 | ||||||||||||||||||||||||||
long-term notes receivable | 3,078,987 | ||||||||||||||||||||||||||||||
accounts payable -related parties | 3,453,519 | ||||||||||||||||||||||||||||||
long term notes receivable | 3,179,203 | ||||||||||||||||||||||||||||||
dividend payable | |||||||||||||||||||||||||||||||
common stock, .0001 par value... | 2,217 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||
net income | 1,356,000 | 2,721,000 | 1,974,000 | -1,560,000 | -5,797,000 | -3,505,000 | -3,894,000 | 4,494,000 | 3,140,000 | 9,283,650 | 8,209,112 | 3,505,039 | 1,823,199 | 1,716,862 | -396,939 | -4,314,190 | -339,686,532 | 1,512,330 | 1,528,671 | 1,060,714 | 1,793,571 | 2,591,291 | ||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||
depreciation and amortization expense | 7,521,000 | 7,113,000 | 7,250,000 | 7,261,000 | 6,758,000 | 6,745,000 | 6,666,000 | 6,590,000 | 6,676,000 | 6,367,000 | 6,422,000 | 6,440,000 | 6,689,000 | 6,691,000 | 6,386,000 | 6,080,000 | 5,779,000 | 5,501,162 | 4,533,339 | 4,536,716 | 4,554,783 | 4,388,860 | 4,484,248 | 4,469,211 | 4,526,277 | 4,580,785 | 738,904 | 727,423 | 707,396 | 555,727 |
gain from disposal of property and equipment | -1,471,000 | -84,000 | 0 | 24,000 | ||||||||||||||||||||||||||
credit for expected credit losses | 25,000 | |||||||||||||||||||||||||||||
deferred tax benefit | -133,000 | -889,000 | -883,000 | -1,084,000 | -351,000 | -353,000 | -471,000 | -2,948,000 | -1,143,000 | 0 | -1,324,000 | -1,621,000 | -717,000 | -520,000 | -2,154,000 | -4,744,310 | -820,293 | -726,463 | -578,934 | |||||||||||
change in fair value of interest rate swap contracts | -843,000 | -46,000 | 47,000 | 685,000 | 1,184,000 | -2,652,000 | 3,290,000 | -361,000 | -1,970,000 | 3,674,000 | -1,984,000 | -2,856,000 | 2,746,000 | 1,666,000 | -284,000 | -207,000 | -358,000 | -363,918 | 20,022 | |||||||||||
stock-based compensation | 305,000 | 141,000 | 619,000 | 625,000 | 374,000 | 127,000 | 701,000 | 522,000 | 738,000 | 747,000 | 757,000 | 752,000 | 1,096,000 | 584,000 | 162,000 | 221,000 | 290,000 | 429,567 | ||||||||||||
non-cash lease expense | 2,185,000 | 1,379,000 | 1,257,000 | 1,268,000 | 1,220,000 | 1,037,000 | 1,025,000 | 995,000 | 935,000 | 1,365,000 | 752,000 | 951,000 | 965,000 | 1,880,000 | 983,000 | 842,000 | 737,000 | |||||||||||||
other non-cash expense | 96,000 | 268,000 | -218,000 | -201,000 | -129,000 | 647,000 | 37,000 | 446,000 | 39,000 | |||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||
accounts receivable | -1,334,000 | -12,166,000 | -467,000 | 5,720,000 | -4,314,000 | -2,316,000 | -802,000 | -1,162,000 | -2,141,000 | -5,036,000 | 2,453,000 | -2,490,000 | 1,034,000 | -356,000 | -1,692,000 | 497,000 | -7,026,000 | -2,126,921 | -3,443,707 | -95,930 | -5,332,442 | 119,091 | -445,198 | 274,399 | 23,477,270 | -6,124,977 | 574,953 | 1,658,918 | -867,080 | -1,598,560 |
accounts receivable - related parties | -70,000 | 60,000 | -197,000 | -74,000 | -96,000 | -13,000 | 263,000 | -253,000 | 13,000 | 20,000 | 279,000 | 22,000 | -416,000 | 214,000 | 451,000 | 40,000 | -669,000 | 712,767 | 967,185 | -764,059 | 104,107 | -383,242 | 166,221 | 4,938,080 | -1,784,762 | 1,868,563 | 12,607 | -545,049 | 147,090 | -720,051 |
inventories | -554,000 | 28,867,000 | -8,256,000 | -21,192,000 | -8,265,000 | 21,725,000 | -276,000 | -11,324,000 | -2,290,000 | 10,324,000 | -4,876,000 | -597,000 | 9,822,000 | 12,233,000 | -2,326,000 | -1,592,000 | -12,070,000 | -721,562 | -13,111,287 | -8,201,501 | 2,608,350 | 3,146,942 | 5,015,547 | 8,924,482 | 1,780,693 | 8,763,013 | -3,703,181 | -2,445,736 | -1,501,368 | 1,948,273 |
prepaid expenses and other current assets | 3,612,000 | -3,309,000 | 368,000 | 1,058,000 | 3,665,000 | -1,495,000 | -1,016,000 | 367,000 | 782,000 | 13,005,000 | -10,529,000 | -4,783,000 | 1,238,000 | |||||||||||||||||
other long-term assets | 409,000 | 285,000 | 141,000 | 258,000 | 283,000 | 208,000 | 11,000 | 355,000 | 368,000 | -540,000 | -1,359,000 | -690,000 | -829,000 | -606,000 | -99,000 | -762,000 | 268,000 | -861,513 | 99,157 | -477,972 | -96,672 | -294,697 | -15,700 | 28,088 | -15,900 | 41,954 | 64,709 | -8,603 | 44,366 | -71,103 |
checks issued not presented for payment | 3,361,000 | -452,000 | -4,863,000 | 1,998,000 | -696,000 | -6,331,000 | 5,566,000 | -2,211,000 | 4,169,000 | -2,394,000 | -13,986,000 | 6,780,000 | -7,852,000 | 3,430,000 | -1,666,000 | 1,669,000 | 679,000 | |||||||||||||
accounts payable | 2,141,000 | 1,883,000 | 4,401,000 | 5,766,000 | 11,653,000 | -367,000 | -11,538,000 | 4,806,000 | 6,074,000 | -26,516,000 | 23,285,000 | -2,994,000 | 2,327,000 | 6,254,000 | -7,846,000 | -6,000 | 16,805,000 | -463,780 | 376,209 | 4,952,596 | 8,112,975 | -5,294,107 | 3,304,640 | -2,083,229 | -7,319,101 | -3,923,192 | -888,830 | -122,907 | 2,266,388 | 102,580 |
accounts payable - related parties | -113,000 | -179,000 | 323,000 | -149,000 | 337,000 | -22,000 | -577,000 | 508,000 | -254,000 | -93,000 | -380,000 | 117,000 | -776,000 | 31,000 | -602,000 | 468,000 | -309,000 | -1,292,445 | 543,243 | 695,522 | -311,320 | -879,394 | 272,773 | -1,347,720 | -783,154 | -1,285,833 | 825,531 | 630,377 | -1,099,978 | 775,650 |
operating lease liabilities | -28,000 | -1,302,000 | -1,170,000 | -822,000 | -913,000 | -1,025,000 | -1,008,000 | -1,110,000 | -897,000 | -1,219,000 | -746,000 | -804,000 | -961,000 | -1,878,000 | -979,000 | -836,000 | -715,000 | |||||||||||||
accrued expenses and other liabilities | -1,177,000 | -100,000 | -2,482,000 | 1,693,000 | -2,118,000 | -1,683,000 | 4,130,000 | -1,900,000 | 167,000 | 523,000 | -2,697,000 | 3,249,000 | -3,274,000 | 3,555,000 | 3,119,000 | -2,903,000 | 3,299,000 | 6,451,817 | -1,282,153 | -2,239,984 | 1,185,320 | 962,198 | 2,209,357 | |||||||
net cash from operating activities | 15,288,000 | 20,997,000 | -5,985,000 | 3,520,000 | 6,948,000 | 25,935,000 | -3,282,000 | -7,072,000 | 7,055,000 | -4,820,000 | 11,892,000 | -3,838,000 | 12,570,000 | 24,352,000 | -6,726,000 | 3,545,000 | 10,113,000 | 7,350,528 | -3,111,988 | 2,703,176 | 10,567,284 | -179,860 | 11,893,495 | 13,789,845 | 18,627,806 | 4,223,904 | -1,627,684 | -451,070 | 2,521,378 | 3,471,208 |
capital expenditures | -15,333,000 | -8,904,000 | -3,283,000 | -3,157,000 | -3,574,000 | -3,112,000 | -3,104,000 | -3,746,000 | -2,585,000 | -19,000 | -1,973,000 | -893,000 | -629,000 | -542,000 | -1,717,000 | -1,356,000 | -2,672,000 | -684,113 | -857,220 | -215,494 | -448,173 | -254,462 | -200,324 | -49,712 | -160,252 | 545,209 | -224,366 | -3,812,217 | -1,344,555 | -881,175 |
free cash flows | -45,000 | 12,093,000 | -9,268,000 | 363,000 | 3,374,000 | 22,823,000 | -6,386,000 | -10,818,000 | 4,470,000 | -4,839,000 | 9,919,000 | -4,731,000 | 11,941,000 | 23,810,000 | -8,443,000 | 2,189,000 | 7,441,000 | 6,666,415 | -3,969,208 | 2,487,682 | 10,119,111 | -434,322 | 11,693,171 | 13,740,133 | 18,467,554 | 4,769,113 | -1,852,050 | -4,263,287 | 1,176,823 | 2,590,033 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||
purchase of property and equipment | -15,333,000 | -8,904,000 | -3,283,000 | -3,157,000 | -3,574,000 | -3,112,000 | -3,104,000 | -3,746,000 | -2,585,000 | -19,000 | -1,973,000 | -893,000 | -629,000 | -542,000 | -1,717,000 | -1,356,000 | -2,672,000 | -684,113 | -857,220 | -215,494 | -448,173 | -254,462 | -200,324 | -49,712 | -160,252 | 545,209 | -224,366 | -3,812,217 | -1,344,555 | -881,175 |
proceeds from sale of property and equipment | 4,214,000 | 54,000 | 13,000 | 129,000 | 10,000 | 36,000 | 1,100,000 | |||||||||||||||||||||||
net cash from investing activities | -11,119,000 | -10,511,000 | -3,270,000 | -3,028,000 | -3,564,000 | -3,125,000 | -3,092,000 | -3,746,000 | -2,585,000 | 1,081,000 | -1,073,000 | -893,000 | -629,000 | -552,000 | -1,579,000 | -28,723,000 | -19,932,000 | -34,638,061 | -849,039 | -5,154,727 | -440,173 | -157,749 | -130,544 | -49,712 | -94,073,441 | 7,573,808 | -24,392 | -3,393,814 | -1,380,487 | -1,369,623 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||
proceeds from line of credit | 393,818,000 | 412,906,000 | 401,864,000 | 316,705,000 | 315,008,000 | 355,788,000 | 384,601,000 | 390,020,000 | 345,697,000 | 345,591,000 | 296,594,000 | 296,721,000 | 298,195,000 | 262,745,000 | 312,595,000 | 344,040,000 | 281,616,000 | 202,287,752 | 155,897,706 | |||||||||||
repayment of line of credit | -387,795,000 | -424,309,000 | -395,554,000 | -314,523,000 | -313,714,000 | -365,228,000 | -384,054,000 | -378,876,000 | -349,082,000 | -334,688,000 | -291,133,000 | -299,018,000 | -306,808,000 | -281,032,000 | -301,297,000 | -352,485,000 | -268,298,000 | -199,589,606 | -157,828,692 | |||||||||||
proceeds from issuance of debt | 19,000 | 925,000 | ||||||||||||||||||||||||||||
repayment of long-term debt | -5,389,000 | -2,080,000 | -2,046,000 | -1,364,000 | -1,366,000 | -1,345,000 | -1,357,000 | -1,354,000 | -1,414,000 | -2,938,000 | -1,481,000 | -1,530,000 | -1,642,000 | -1,722,000 | -1,732,000 | -6,407,000 | -1,475,000 | -2,055,276 | -1,568,171 | -1,498,172 | -1,477,381 | -1,468,351 | -2,247,781 | -1,527,436 | -1,346,136 | -2,732,785 | -2,503,767 | -506,988 | -594,985 | 1,391,566 |
payment of debt financing costs | -69,000 | 0 | 0 | 0 | -213,000 | 12,000 | 23,000 | 25,000 | -604,000 | |||||||||||||||||||||
repayment of obligations under finance leases | -1,773,000 | -1,615,000 | -1,606,000 | -1,603,000 | -1,467,000 | -977,000 | -860,000 | -880,000 | -857,000 | -506,000 | -575,000 | -753,000 | -646,000 | -750,000 | -633,000 | -627,000 | -616,000 | -1,913,099 | -71,535 | -77,562 | -72,804 | -72,102 | -71,783 | -13,239 | -122,498 | |||||
proceeds from atm sale | 275,000 | |||||||||||||||||||||||||||||
acquisition of noncontrolling interests | -835,000 | |||||||||||||||||||||||||||||
net cash from financing activities | -1,749,000 | -14,173,000 | 5,933,000 | -941,000 | -1,752,000 | -19,788,000 | 3,851,000 | 6,571,000 | -1,487,000 | 4,671,000 | -11,465,000 | 2,200,000 | -18,753,000 | -17,317,000 | 7,293,000 | 27,570,000 | 11,453,000 | 26,536,209 | 6,078,412 | 4,623,822 | -8,454,443 | 738,148 | -11,147,656 | -17,865,379 | 73,597,614 | -4,062,841 | 1,513,502 | 3,889,519 | 267,059 | -4,403,132 |
net increase in cash | 2,420,000 | -449,000 | 1,632,000 | 2,983,000 | 932,000 | -646,000 | -2,531,000 | -6,812,000 | 6,483,000 | -1,012,000 | 2,392,000 | 1,634,000 | -751,324 | 2,117,385 | 2,172,271 | 1,672,668 | 400,539 | 615,295 | -4,125,246 | -1,848,021 | 7,734,871 | -138,574 | 44,635 | 1,407,950 | -2,301,547 | |||||
cash at beginning of the period | 8,641,000 | 0 | 0 | 0 | 14,467,000 | 0 | 0 | 0 | 15,232,000 | 0 | 0 | 0 | 24,289,000 | 0 | 0 | 14,792,000 | 0 | 0 | 9,580,853 | 0 | 0 | 14,538,286 | 0 | 0 | 5,489,404 | |||||
cash at end of the period | 11,061,000 | -3,687,000 | -3,322,000 | -449,000 | 16,099,000 | 3,022,000 | -2,523,000 | -4,247,000 | 18,215,000 | 932,000 | -646,000 | -2,531,000 | 17,477,000 | -1,012,000 | 2,392,000 | 16,426,000 | 2,117,385 | 2,172,271 | 11,253,521 | 615,295 | -4,125,246 | 12,690,265 | -138,574 | 44,635 | 6,897,354 | |||||
supplemental disclosure of cash flow data: | ||||||||||||||||||||||||||||||
cash paid for interest | 2,743,000 | 2,644,000 | 927,000 | 274,903 | 366,815 | 379,969 | 336,084 | |||||||||||||||||||||||
cash paid for income taxes | 225,000 | 96,000 | 382,000 | 93,643 | -348,148 | |||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for operating lease liabilities | 60,000 | 0 | 16,542,000 | 0 | 5,186,000 | 36,000 | 79,000 | |||||||||||||||||||||||
property acquired in exchange for finance leases | 1,178,000 | 673,000 | 3,442,000 | 10,154,000 | 1,428,000 | 4,351,000 | 4,867,000 | 815,000 | ||||||||||||||||||||||
net loss | -37,417,000 | -874,000 | 510,000 | -1,530,000 | -3,837,000 | 235,000 | -559,000 | |||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||
goodwill impairment charges | ||||||||||||||||||||||||||||||
deferred tax expense | ||||||||||||||||||||||||||||||
lease guarantee income | 0 | -5,433,000 | -115,000 | |||||||||||||||||||||||||||
purchase of intangible assets | ||||||||||||||||||||||||||||||
contribution to equity method investee | ||||||||||||||||||||||||||||||
payments for tax withholding related to vested stock awards | 0 | 0 | -2,000 | -45,000 | ||||||||||||||||||||||||||
cash distributions to noncontrolling interests | ||||||||||||||||||||||||||||||
net decrease in cash | -3,687,000 | -2,523,000 | ||||||||||||||||||||||||||||
provision (credit) for expected credit losses | -975,000 | -1,000 | 619,000 | |||||||||||||||||||||||||||
dissolution of noncontrolling interests | 0 | |||||||||||||||||||||||||||||
treasury stock received via legal settlement | ||||||||||||||||||||||||||||||
other asset impairment charges | ||||||||||||||||||||||||||||||
(credit) provision for expected credit losses | ||||||||||||||||||||||||||||||
lease guarantee expense | -72,000 | -95,000 | -90,000 | -120,000 | -87,000 | -58,000 | -42,000 | 5,931,000 | ||||||||||||||||||||||
payment made for acquisition of sealand | 1,000 | 0 | ||||||||||||||||||||||||||||
payment made for acquisition of great wall group | 0 | 0 | -106,000 | -17,339,000 | ||||||||||||||||||||||||||
proceeds from long-term debt | 0 | 4,000 | 0 | -14,606 | 14,612 | 75,600,000 | 2,277,589 | 4,475,000 | -518,677 | 2,144,555 | -1,494,698 | |||||||||||||||||||
repayment of promissory note payable - related party | 0 | 0 | -500,000 | -500,000 | -1,000,000 | -500,000 | ||||||||||||||||||||||||
proceeds from noncontrolling interests | ||||||||||||||||||||||||||||||
asset impairment charges | 0 | 0 | ||||||||||||||||||||||||||||
provision for credit losses | 0 | 0 | -40,000 | 645,000 | 0 | -1,000 | 57,000 | |||||||||||||||||||||||
cash distribution to shareholders | 0 | 0 | -1,000 | -97,000 | -89,000 | -125,700 | -61,750 | -77,550 | -73,000 | 0 | 0 | -125,000 | ||||||||||||||||||
capital expenditures included in accounts payable | ||||||||||||||||||||||||||||||
note receivable related to property and equipment sales | ||||||||||||||||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||||||||
advances to suppliers - related parties | 197 | 0 | 0 | 196,803 | 101,045 | -168,216 | 735,184 | -119,681 | 245,004 | 239,520 | -68,069 | 364,892 | -851,589 | |||||||||||||||||
payment made for acquisition of noncontrolling interests | ||||||||||||||||||||||||||||||
settlement of interest rate swap contracts | ||||||||||||||||||||||||||||||
proceeds from noncontrolling interests shareholders | ||||||||||||||||||||||||||||||
other expense | 57,000 | 296,000 | 93,000 | |||||||||||||||||||||||||||
intangible asset acquired in exchange for noncontrolling interests | 566,000 | |||||||||||||||||||||||||||||
property acquired via a finance lease | 643,000 | |||||||||||||||||||||||||||||
goodwill impairment loss | 0 | 0 | 0 | 338,191,407 | ||||||||||||||||||||||||||
payment made for acquisition of b&r realty | 0 | 0 | 0 | -94,004,068 | ||||||||||||||||||||||||||
cash at beginning of the year | ||||||||||||||||||||||||||||||
cash at end of the year | ||||||||||||||||||||||||||||||
notes payable related to property and equipment purchases | ||||||||||||||||||||||||||||||
common stock issued for consideration of acquisition of great wall group | ||||||||||||||||||||||||||||||
deferred consideration from great wall acquisition | ||||||||||||||||||||||||||||||
issuance of promissory note for the acquisition of b&r realty subsidiaries | ||||||||||||||||||||||||||||||
provision for doubtful accounts | 115,000 | 123,000 | -12,000 | |||||||||||||||||||||||||||
income from equity method investment | -47,000 | -47,000 | -223,000 | -18,279 | -18,260 | -18,261 | -30,200 | -15,276 | -15,275 | -15,276 | -35,061 | |||||||||||||||||||
return on equity method investment | ||||||||||||||||||||||||||||||
amortization of debt issuance and other debt-related costs | 0 | 0 | 144,000 | |||||||||||||||||||||||||||
other operating expense | 1,000 | 422,000 | 79,000 | |||||||||||||||||||||||||||
other current assets | 430,000 | -1,441,000 | -2,758,000 | -2,917,931 | 1,179,217 | 1,568,020 | -773,306 | 89,513 | -943,468 | 108,653 | 540,443 | 20,766 | -286,082 | -274,720 | 268,938 | -92,516 | ||||||||||||||
proceeds from disposal of property and equipment | 138,000 | |||||||||||||||||||||||||||||
payment made for acquisition of noncontrolling interest | ||||||||||||||||||||||||||||||
proceeds from noncontrolling interest shareholder | 0 | |||||||||||||||||||||||||||||
allowance for inventories | 10,031 | 56,578 | 76,241 | -3,191 | 46,687 | |||||||||||||||||||||||||
gain from disposal of equipment | -65,000 | 15,472 | -44,555 | -3,966 | -126,995 | -4,332 | 0 | -20,349 | 134,250 | -28,032 | -985 | -39,609 | ||||||||||||||||||
proceeds from disposal of equipment | 79,000 | 8,181 | 60,767 | 8,000 | 96,713 | 69,780 | 0 | 90,879 | 11,132 | 42,000 | 56,899 | 176,800 | ||||||||||||||||||
proceeds from noncontrolling interests shareholder | 240,000 | |||||||||||||||||||||||||||||
supplemental disclosure of non-cash operating, investing and financing activities: | ||||||||||||||||||||||||||||||
right of use assets obtained in exchange for operating lease liabilities | 1,483,000 | |||||||||||||||||||||||||||||
property and equipment purchases from notes payable | ||||||||||||||||||||||||||||||
loss from disposal of equipment | ||||||||||||||||||||||||||||||
change in allowance for doubtful accounts | ||||||||||||||||||||||||||||||
cash received from acquisition of b&r global | ||||||||||||||||||||||||||||||
cash received from long-term notes receivable | 0 | |||||||||||||||||||||||||||||
payment made for notes receivable | 0 | -108,750 | ||||||||||||||||||||||||||||
proceeds from long-term notes receivable to related parties | 13,750 | |||||||||||||||||||||||||||||
payment made for long-term notes receivable to related parties | -56,074 | -117,732 | ||||||||||||||||||||||||||||
allowance for doubtful accounts | -351,486 | 59,606 | -82,551 | -460,150 | -899,677 | 2,769,783 | 154,365 | |||||||||||||||||||||||
unrealized change in fair value of interest rate swap contracts | -52,314 | 112,256 | -712,293 | |||||||||||||||||||||||||||
security deposit | ||||||||||||||||||||||||||||||
operating lease liability | -94,246 | -167,885 | -153,147 | -93,591 | -91,496 | -98,075 | -102,088 | |||||||||||||||||||||||
payment made for acquisition of non-controlling interest | 0 | |||||||||||||||||||||||||||||
proceeds from bank overdraft | 4,404,376 | |||||||||||||||||||||||||||||
repayment of bank overdraft | -4,400,272 | 3,923,309 | -2,035,967 | -5,889,835 | -1,477,738 | |||||||||||||||||||||||||
net proceed (repayment) from (of) line of credit | ||||||||||||||||||||||||||||||
security deposit - related parties | 0 | 0 | 58,880 | |||||||||||||||||||||||||||
advance from customers - related parties | 213,354 | 0 | -119,947 | -46,543 | -183,231 | |||||||||||||||||||||||||
repayment of long-term debt - related parties | -730,998 | |||||||||||||||||||||||||||||
allowance for inventory obsolescence | ||||||||||||||||||||||||||||||
proceeds from lines of credit | 141,805,972 | 136,315,725 | 100,968,589 | 174,101,782 | 128,681,218 | 1,100,000 | 12,764,481 | 1,500,000 | 300,000 | |||||||||||||||||||||
repayment of lines of credit | -148,768,648 | -143,093,244 | -112,149,068 | -172,301,798 | -134,967,321 | -1,400,000 | -7,694,146 | -2,600,000 | -4,600,000 | |||||||||||||||||||||
cash distribution paid to shareholders | -122,500 | -90,000 | ||||||||||||||||||||||||||||
income tax payable | 507 | -283,937 | 296,773 | 292,466 | ||||||||||||||||||||||||||
cash received from notes receivable | ||||||||||||||||||||||||||||||
cash received from note receivable | ||||||||||||||||||||||||||||||
deferred tax expenses | -931,471 | 115,769 | ||||||||||||||||||||||||||||
accrued expenses | 436,529 | -1,263,961 | -17,773 | 124,433 | -733,043 | |||||||||||||||||||||||||
allowance for inventory | ||||||||||||||||||||||||||||||
(income) from equity method investment | ||||||||||||||||||||||||||||||
accrued expenses and other payables | ||||||||||||||||||||||||||||||
cash received from business combination with atlantic acquisition corp. | ||||||||||||||||||||||||||||||
cash paid for issuance of long-term notes receivable | 0 | |||||||||||||||||||||||||||||
cash received from long-term notes receivable to related parties | 0 | |||||||||||||||||||||||||||||
cash paid for issuance of long-term notes receivable to related parties | 0 | |||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||
provision of doubtful accounts | 23,097 | 29,864 | -103,051 | 28,765 | ||||||||||||||||||||||||||
deferred tax benefits | 244,949 | |||||||||||||||||||||||||||||
advances to suppliers | -250,410 | -179,615 | 62,953 | 978,108 | ||||||||||||||||||||||||||
income tax recoverable | 189,148 | |||||||||||||||||||||||||||||
advance from customers | 350,216 | 360,236 | -13,562 | -362,343 | ||||||||||||||||||||||||||
cash acquired from acquisition of atlantic acquisition | ||||||||||||||||||||||||||||||
cash paid for redemption of atlantic acquisition’s stock in connection of reverse acquisition | ||||||||||||||||||||||||||||||
repayment of capital lease | -67,731 | -65,151 | -182,511 | |||||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||||||
proceeds from notes receivable | ||||||||||||||||||||||||||||||
proceeds from notes receivable to related parties | ||||||||||||||||||||||||||||||
payments made for shareholder loan | ||||||||||||||||||||||||||||||
cash received from business combination of hg realty | ||||||||||||||||||||||||||||||
collection from shareholder loan | ||||||||||||||||||||||||||||||
cash at beginning of period | ||||||||||||||||||||||||||||||
cash at end of period |